GST impact on media and entertainment industry - Blog by Avalara

The Indian media and entertainment industry has witnessed blistering growth in the past few years, and now, according to a Deloitte report titled ‘Media and entertainment industry – India tax landscape,’ “India is globally the fifth largest media and entertainment market.” Another report from PwC says that the industry is expected to clock 10.6 percent CAGR from 2016-2021.

Box office revenue is expected to grow from INR 10,957 Cr in 2016 to INR 18,047 Cr in 2021, at a healthy CAGR of 10.4 percent, indicating that entertainment plays a vital role in our day-to-day lives.

In this article, we will discuss the impact of GST rates on the entertainment industry and whether or not it is a welcome step as compared to the pre-GST regime.